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FOX Business
Oct 12, 2012 3:00pm EDT
now. for treasury department releasing budget numbers for the 2012 year and that is deficit included. peter barnes has the news. peter: the deficit exceeded $1 trillion for the fourth fiscal year and a row coming in at $1.1 trillion for fiscal 2012 which ended september 30th that was down $200 billion from fiscal 2011 thanks to higher tax revenue because of a stronger economy nd some lower spending, $60 million year over year and those numbers are down from the record $1.4 trillion in deficits we saw in 2009. we like to give you the monthly number for september. last month of the fiscal year. here's something you don't see every way. a surplus of $75 billion compared to a deficit of $73 billion in september last year. that is mainly due to accounting items, the biggest one being a shift in $60 billion in government benefit payments for social security and medicare and other things into august's of this year because of weekends and holidays in september. the administration is projecting a end to this trillion dollar trend for this fiscal year, 2013, budget forecasts projecting a defi
Oct 6, 2012 12:30pm PDT
our trajectory of our budget deficit is going to be. certainly, the budget is not simply a numbers issue. it has a big impact when you translate it into the lives of our residents. when you are talking about deficits that may impact the morning commute because you write muni -- you ride muni, or whether we're talking about closing down seven facilities, or whether we're talking about impacts to services, there is an impact to residents, so i think that impact of the budget is big, as well as economic growth for our residents. >> what are the biggest issues for your district? supervisor chu: sunset district is a great district. it has many residents who are families. we have a lot of families in our district. lots of kids, lots of seniors, people who have raised their families there for many generations, and one of the paramount thing is, aside from the larger issues that are important to the entire city -- i think the big issue that is really in people's minds is the state of the economy. how is it that we are going to be able to bring down the unemployment rate in san francisco? h
FOX Business
Oct 12, 2012 1:00pm EDT
a lot more. we'll talk to douglas holtz-eakin on the budget deficit. he will give us some insight and analysis how it all works into the election next hour. friday trading session still underway. we'll see you in the next hour. keep it here on fox business. [ le announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of llars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all
Oct 10, 2012 4:00am PDT
: in battleground ohio, president obama insists mitt romney's tax cuts will add $5 trillion to the deficit. >> if it's true it's not going to add to the deficit, that leaves only one option, and that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest ad mocking his plan to cut funding for pbs. >> big bird. big bird. big bird. he's focused on saving big bird is kind of a strange thing in my view because, you see, i'm focused on helping the american people get good jobs. >> reporter: sesame street's now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks into whether the u.s. was warned of the deadly libya attack. >> twice in the six-month lead-up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has romney up by
Oct 11, 2012 5:00pm EDT
this deficit. and governor dukakis has been able to cut the deficit ten budgets in a row in the state of massachusetts. while he lowered the tax burden on the people from one of the highest to one of the law were in the united states. that is a major sense of achievement and i admire that and i'm just delighted to be on the ticket with him. governor dukakis and i agree that we ought to have a trade policy for this country. but we've seen this administration more than double the national debt, that they've moved this country from the number one lender nation in the world to the number one destination in the world under their administration. they have not had a faith policy committee of let trade be a handmaiden for the policy objectives of the country. that this country has exported to many jobs and not enough profits. and as i work to pass a trade bill through the united states senate, through roadblocks every step of the way but we passed a trade bill that any country that has full access to the markets we are entitled to full access to their markets. now that means that we are going
Oct 10, 2012 3:00pm EDT
's going to be a shaming period. also, the risks of the budget deficit and 2013's challenges that regardless of who wins the election or controls congress is quite clear that the economy will have to suffer potentially from higher taxes and indeed reduced government spending. >> rick santelli, you heard that whole list of reasons. is that why we saw this ten-year auction today? people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all make
Oct 13, 2012 3:00am PDT
so they don't add to deficits and says that he would do so in large part by curbing tax breaks on the rich. he also has promised not to raise taxes on the middle class. now, this triggered a pretty hot exchange between joe biden and paul ryan over whether it's mathematically possible. let's bring in christine romans to separate fact from fiction. good morning. >> good morning, randi. paul ryan claimed you could cut income taxes by 20% across the board and all while keeping this deficit neutral. listen to that fiery exchange. >> you can cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mathematically possible. >> it is matmatically possible. >> the nonpolicy tax center says it's not mathematically possible with the amount of information we have about romney's tax plan. not possible to cut rates as much as he would like without deductions that would hurt the middle class. investment taxes and dividend taxes, which the romney campaign has said it wouldn't do. so, for those reasons, our verdict here is that it's false. you can't
FOX News
Oct 9, 2012 1:00am PDT
it. >> bill: no, we haven't balanced the debt! are you kidding me! we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get
Oct 12, 2012 9:00pm PDT
next. the cardinals. not projected to whip. but came back from a 6 nothing deficit. we look 6 nothing deficit. we look ahead to the nlc then don't miss sleep train's wbest rest ever? you'll find sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. get your best rest ever from sleep train. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> coming up tonight at 11. latest on breaking news. it was people being rescued right now off a boat in trouble in san francisco bay. also 2 bay area cities targeted by crooks dressed up as city workers. what to watch out for. >> this. took more than 50 years and a lot of obstacle now south bay woman has her college degree. her amazing story and more coming up 7 news at 11:00 over on channel 7. but now the washington p national. >> larry is wrong. >> i'm not
Oct 12, 2012 8:00am PDT
? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> here's the problem. they got caught with the hands in the cookie jar taking it out for obama care. >> those are great sound bite, but how do we get to the truth in those comments. paul ryan stuck by his proposals at the debate last night. only he said, partially privatizing medicare will not turn into a vo
Oct 12, 2012 10:30pm EDT
, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and spending cuts. the plan was never voted on in congress. do you agree with any or all with what the commission came up with? what other efforts do you think the country needs to take on to cut the country's debt, which now exceeds $16 trillion? >> debt and our deficit are very important issues that we need to tackle and they're a matter of national security. and this is one of the starkest contrasts between congresswoman bono mack and myself. you see, congresswoman bono mack wants to put the deficit and the burden of our debt on the shoulders of our seniors, our middle class and our students. by turning medicare into a private voucher system and charging our seniors $6,000 a year for their health care costs on average, by cutting pell grants and stafford loans who rely on those for their college education and she's voted to increase taxes on the middle class through the ryan plan. all of this in order to keep tax breaks for multi-millionaires and tax
Oct 12, 2012 4:00am PDT
claimed that you can reduce our deficit through tax increases alone. he's never said that. the president and vice president have said we need to take the ballad propose, using the kind of frachlwork that bipartisan groups have suggested. whereas republicans have been very clear not one more penny, even from people like mitt romney to reduce the deficit. so our point isn't that you can increase taxes on wealthier people, and do the whole thing on the deficit. our point of review is that they should be asked to contribute a little more. go back to paying what they were in the clinton administration, when the economy was roaring. that's what we're saying. we support a combination of additional targeted cuts. but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very
Oct 8, 2012 7:00am PDT
the economy, on jobs, on federal spending and the deficit. and that poll was taken, most of that poll was taken before last week's debate which widely is seen as going to mitt romney. now, in california, the president last night actually mocked his own debate performance, poked fun at himself. take a listen to this. >> everybody here is such great friends, and they just perform flawlessly night after night. i can't always say the same. >> reporter: so the pressure's really on the president for the next presidential debate which will be, of course, next week. but first, the two number twos are going to go head to head thursday night in danville, kentucky. no one knows what to expect from that one. joe biden going at it with congressman paul ryan. we haven't seen these two go head to head before. so a lot going on this week with this foreign policy speech. a lot of fund-raisers out west with the president and then, of course, the big debate on thursday night. for "cbs this morning," i'm jan crawford in lexington, virginia. >>> california's governor is taking emergency steps to cut risin
Oct 7, 2012 6:00pm PDT
increase in the federal deficit immoral and promised to cut and cap federal spending spending and pe country on track to a balanced budget. >> you don't have to wait until november to vote. early voting in california starts tomorrow. by law vote by mail begins 29 days before the election and that's monday. you can also go to your county elections office and cast a ballot. >> all voters who applied to vote by mail will get their ballot. election officials are starting to prepare those to go out. they'll start going out on tuesday when post offices return from the holiday. >> ama: monday is columbus day, which means some county election offices will be closed. so check before you go october 22nd is the deadline to register to vote. >> looks like there's some changes in the weather, leigh. >> a few more clouds moving in, tuesday and wednesday, and some parts of the bay area maybe a struggle -- sprinkle or two or nothing at all. but we'll show you what could come in. the live shot from the emeryville cam, clear sky across the bay area, the clouds are starting to gather nearing the coast.
Oct 12, 2012 4:00am PDT
to the reds. grand slam home run makes it 5-0. giants win 6-4 and come back from a two game deficit to win the series. in washington the nationals keep their post-season dreams alive. a walkoff home run. nats stop the card 2-1 and force a decisive game five tonight. in the nfl the steelers go on the road to face the titans, pittsburgh up by a touchdown in the fourth quarter. tennessee ties it on a five yard touchdown catch. steelers trying to take the lead with a late field goal. and coming up short on a 54-yard. that gives the titans one more shot. titans win it 26-23. we'll talk about this. let's talk about michael vick. he's now a dog owner. he spent time in prison on dogfighting charges. he's not allowed to have a dog during probation. he said he wants his children to develop a healthy relationship with animals. this week he was questioned about whether he owned a dog after a picture showed him with an open box of dog biscuit on the table. if you look closely it's there on the table. i thought michael vick liked dog biscuits. i wouldn't have known any better. when we come back small to
Oct 12, 2012 12:00pm EDT
creating debt. the facts are clear. obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this message. [ mamale announcer ] we the people, the middle class who move our country forward, work hard raise families, and keep america strong. but mitt romney's budget plan will hurt the middle class, raising taxes on the average family by up to $2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >> i could pretty much guarantee you will never see a scene like this again. a picture that will never be repeated. a space sh
FOX News
Oct 10, 2012 12:00pm PDT
as a deficit hawk but his own budget doesn't balance until 2040. the olson twins will be 54 by the time it is balanced. >> if you taking your money, who do you give it to? joe biden and president obama or ryan and romney? >>shepard: but don't you think people want specifics? >>guest: what they --. >>shepard: you are saying you will not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it work? explain that. >>guest: those details are talked about. >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out his plan. he has done it over and over and over again. >> he talked about cutting big bird. >> i would rather be on the side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is saying. >>shepard: they both say they will fix this but neither has told us how. it stands to reason that the american people would go, you should tell us how but they are not going to. >>guest
Oct 13, 2012 7:00am PDT
overcoming a 6-0 deficit and coming back to win 9-7. that means the nlcs starts sunday at at&t park. game one starts just after 5:00 p.m. the giants. game two monday 5:07 before the series a moves on to st. louis on wednesday for games three and four. and games five through seven will be played next friday, sunday and monday. that is, of course, if they're necessary. >>> meantime, the oakland a's are saluting their fans and saying good-bye for the season. >> when you lose a game that you don't think you're going to lose and you think you're going to play the next day or go somewhere else, it's a little bit difficult, but, you know, off the top of my head, i think if you look back at the beginning of the season and see what we accomplished, it was unbelievable. >> the a's fell to the detroit tigers in thursday's night decisive game five. what is nextt for the team? jimmy bean thinks he will keep most of the team in tact for the 2013 season. the "oakland tribune" optimistic about the next season and thinks the team is in great shape. bean did discuss the possibility of adding to the team. >>> n
Oct 9, 2012 7:00am EDT
of $3 trillion in deficit reductions, which is some combination of tax revenue and spending cuts. therein lies the problem. we have a situation where democrats have been loath to to target the deep spending cuts to domestic programs an impediment programs that would be needed to cut a deal, -- entitlement programs that would be needed to cut a deal, and republicans are loath to consider the idea of any sort of new tax revenue that could be added to the picture. so, how do you put this deal together in no way that makes a policy sense, but also would satisfy the political differences on either side? it really is difficult. if you look to the projections, people say if we do not do anything, this would be great for the nation put the deficit, because tax revenues would automatically go up, spending would go down, and our national deficit would nearly be cut in half. that is a great outcome. yes, it is, but the other hand, the economy, which is in a fragile state, would decline, and we've seen projections of a 0.5% reduction in gdp growth which experts say would put the economy in a
Oct 11, 2012 3:00am PDT
the city's $300 million budget deficit without raising taxes and fees this year. in his annual budget speech, emanuel took aim at chicago's pensions, warning that without reform, the city could raise property taxes in the future by as much as 150%. that is tough news. >> that is tough sledding. in "the wall street journal," the deaths of four americans on the attack on the consulate in benghazi sparked political fighting during hearings on capitol hill yesterday. security officials charged with protecting the compound testified that requests to keep an american military team in libya were denied. and that protection was cut in the weeks leading up to the deadly assault. >> we were fighting a losing battle. we couldn't even keep what we had. we were not even allowed to keep what we had. >> it was abundantly clear, we were not going to get resources until the aftermath of an incident. >> this story is going to just grow. and it's looking very, very bad for the administration and the decisions that were made to cut security there. state department officials have said that keeping the tea
Oct 13, 2012 9:00am PDT
. bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to see what happens when we reach the fiscal cliff. i think there is a way. >> are we going over that cliff? >> i don't think so. >> do you think they're going to come together before january 2nd? >> only because you're going to have enough ceos and people who contribute to democrats and republicans alike that go, kids, kids, come here. come here. let's gather around. we're going to stop supporting you if you don't stop acting so reckless. they've got no choice. the markets are going to kill us. you know, right now we've got again 16, $17 trillion national debt. this past year. every dime that we took in as a gov
Oct 12, 2012 11:00am PDT
with the skills they need to get the jobs they want. get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they never missed a mortgage payment. >> ali velshi is our chief business correspondent. ali velshi, welcome back. unemployment below 6%, to quote you, in your op-ed on cnn money, no more bs, please. care to extrapolate? >> right, so let's put the unemployment number aside for a second. that is a nonpartisan number, that's congressional budget office they say if nothing changed, we would have an unemployment rate of about 6.3% by the end of 2016. the end of the next presidential term. but as we have learned in the last week, the unemployment rate measures different
FOX News
Oct 9, 2012 8:00am PDT
that the southern countries had to borrow to finance importing, germany will have to have a trade deficit, or there's no going home again. in china they cannot grow forever on the basis of exporting to the americans and not buying from the americans, because then they smother their customers. these imbalances haven't been fixed so, yes, the danger is real, and it's grave. jenna: charlie, let's talk about the ways to fix i. peter was mentioning the different types of economies at play in europe, but one of the things mentioned overall a couple years ago everyone was saying you've got to fix their debt and deficit, so people cut spending, and that became part of the problem because it slowed down the economy. >> well -- jenna: there's a little bit of you're darned if you do, you're darned if you don't. >> the imf is not a great example of how to fix things. they like high taxes, they like all those measures that slow down the economy. one of the problems in europe, and i have family in europe, is that the welfare state is too big. in italy it's la doll they vida every day. they're still there and sti
Oct 12, 2012 4:30am PDT
-game deficit in the playoffs, oakland loses the series in a shutout to the detroit tigers. the a's fell 6-0 against justin verlander. oakland allowed four runs in the seventh and only managed four hits in the entire game. regardless, a's fans treated the team to a standing ovation. >> everybody hates that it has to end right now. i just want to thank all the fans. they did a fantastic job. >> they were behind us the whole time. you couldn't ask for any more from the crowd. all i can say now is i hope to see crowds like that at every game next year. >> no doubt about that. oakland fans were hoping to be celebrating as new a.l. division champs. they say they're still proud of their green and gold. >> we're disappointed, but we're so proud they came this far. we're definitely proud they came this far. it's a disappointment, but it's okay, there's always next year. >> fans say they are sticking by their team. >> those guys should be very, very proud. >>> meantime better news for the giants. they are staying in cincinnati. they wait to find out what will play in that nl championship series. in
Oct 10, 2012 4:00am PDT
the deficit, pbs. >> criminals, glutens of greed. and the evil genius who towered over them? one man has the guts to speak his name. >> big bird. >> reporter: "sesame street" asking the campaign not to use the ad, saying they don't endorse candidates., warming up the crowd with a familiar theme song. ♪ can you tell me how to get >> elmo's making a run for the border. he's going to bring the hammer down on "sesame street." >> reporter: the president, right here in ohio, at the same time, governor romney is, underscoring how crucial this state will be. no republican has won the white house without ohio. we learned that governor romney will spend four days this week alone, right here in ohio. david muir, abc news, ohio. >>> tomorrow, of course, it is the candidates for vice president who will meet face-to-face. and our own martha raddatz will moderate that debate. abc will be carrying it live. it kicks off at 9:00 p.m. eastern time. that's coming up tomorrow night. >>> the nation's highest court revisits the issue of affirmative action today. the supreme court justices hear the
Oct 6, 2012 10:30pm PDT
of thousands of dollars in deficit and give free fares and people say they need to take it to school and that brings up a issue why aren't they going to neighborhood schools. we create more problems and we need to get to the root caused of the problems and as supervisor i will advocate for the school board that is in favor of neighborhood schools. >> thank you. mr. garcia. >> when i was school i took operation research and i was a math teacher and i found it difficult and it was area map and dhl, ups come into existence and had to deal with routing and i talked to him and we don't have that and that's one thing we should do and drivers not providing notice and not show up. that doesn't work well and it's difficult to weigh in on the issue of children should be provided with free passes. i think joel is right and why can't kids go to school in their neighborhoods and you have to weigh it in reality and whether children can eat or go to school on muni and that's a difficult choice and if we do it we should mean's test. >> all right. ms. gavin. >> well, it's very interesting. i thi
Oct 12, 2012 6:00am EDT
's creating jobs but he's really creating debt. the facts are clear. obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollalar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this message. [ female announcer ] it's one of the hardest decisions a faly can make... realizing a nursing home is the only choice. for many middle class families medicaid is the only way to afford the care. but as a governor, mitt romney raised nursing home fees eight times. and as president, hibudget cuts medicaid by one ohird d burdens families withh the cost of f nursing home care. we have a president who won't let that happen. [ obama ] i'm barack obama and i approved this message. >> the space shuttle endeavor is now on its way to its home, making a slow ro
Oct 12, 2012 2:00pm EDT
. daniels, indiana has balanced budgets. when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican house and senate and a democratic governor. i like your idea. i get kind of a kick, the congressmen and i have known each other for years. he is a fine person, but we disagree on many things. there is the candidate and the congressmen. humanist 86% of the votes. -- you missed 86% of the votes. and you would vote governor daniels' name. mitch daniels is a friend of mine, but he shows up to work every day. he is there. you are talking about our financial situation and when you were in congress and in control, president bush was in office, you voted five times to raise
Oct 9, 2012 2:00am PDT
element of his plan to shrink the deficit. look at this ad that the obama campaign came out with today. john? >> bernie madoff, ken lay, kozlowski, criminals, glutens of greed and the evil genius who towered over them? one man has the guts to speak his name. >> big bird. >> big bird. >> big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stop the subsidy to pbs. >> mitt romney taking on the enemy no matter where they nest. >> this is risky for the obama campaign. they're campaign has been criticized about being about small things. we'll see if this could be a backfire. the campaign tells me this ad is running only on national broadcast and cable. it's not running in swing states. i'm interested to see how much money is behind this ad or if this is just an attempt to get the chattering classes like us -- >> on the one hand it is small, every time i see it, i laugh. it is genuinely humorous and funny. all swing states today, ohio, iowa for these candidates? >> yes, ohi
Oct 8, 2012 3:00am PDT
is not going to add to the deficit. so how are you going together cut that $5 trillion in revenue, mitt romney, well, he says i'm going to get rid of pbs. somebody quickly did the math what is $435 million, what percentage is that of $5 trillion. it's a joke. a joke. sick joke. ronnie is calling from phoenix, arizona. >> caller: good morning, how are you doing? >> bill: good. >> caller: my question is i was a voter back in 2008. i voted for obama at that time. my question is i'm kind of baffled -- i don't understand that mr. romney came out and basically said a lot of stuff that didn't relate to what he was actually talking about. so the point is now -- the media where are they so not calling the thanks he stated the things he should have said i'm going to have that $5 trillion tax cut. i understand that obama had a bad debate, didn't do what he was supposed to do but mr. romney lied. >> bill: you are absolutely right. again, i compared romney's debate performance to the ryan speech in tampa. it was a good performance but it was packed with lies. i think the entire m
FOX News
Oct 12, 2012 9:00am EDT
still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually
Oct 7, 2012 9:00am PDT
, or the 49ers, are reacting to the same thing, they're both out of control. we have a deficit that is going to kill us. they're not minding the store. now, we come at it from two other spectrums, but they're the same issues, basically the same issues they're focused on. and when the tea party first came in. and i was at a rally down in arizona with a candidate on the first tax day, first april 15th after the tea party was founded. and there were people who were democrats, there were republicans, there were independents who were there rallying on the street. but when they got into the office, they started to morph over to the social issues, so as they have done that, i think the basic premise for the party is very right, frankly. we have got to get serious about these issues. >> president reagan said famously he didn't leave the democratic party, the democratic party left him. do you feel that members of the gop feel that way? do you feel that way? >> oh, i know people feel that way. and i'm certainly verging on that. the party that i saw at the convention when you looked at the clips that -
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